CURRENT AFFAIRS

Detailed explanation-1: -Equitas Small Finance Bank has launched a special savings account named ‘ENJOI’ with an aim to introduce “young children” to the financial world. It was launched on June 19 on the occasion of Father’s Day. ENJOI will allow 0-18 year olds to open savings accounts under the supervision of their parents.

Detailed explanation-2: -Equitas Small Finance Bank on Thursday announced that it is all set to launch an exclusive savings account for kids named ‘ENJOI’. The savings account is aimed at introducing young kids to the financial world and encourage them to develop the saving habit early.

Detailed explanation-3: -Features of ENJOI saving Accounts: ENJOI will allow kids of 0-18 years to open savings accounts under the supervision of their parents. Minors aged 10 and above will also get the option for a personalised debit card.

Detailed explanation-4: -FedFirst. FedFirst is the perfect, first bank account for your kids. With daily withdrawal and spending limits, FedFirst offers a safe and easy way for children to start saving, spending and managing their money.